Regions :: Australia/New Zealand
Jacobs Engineering acquires Australian firm Sinclair Knight Merz
4:10 AM MDT | September 10, 2013 | Natasha Alperowicz
Jacobs Engineering said on Sunday that it has entered into a merger agreement with Sinclair Knight Merz (SKM; Sydney), a 6,500-person professional services firm, for approximately A$1.3 billion ($1.2 billion) in cash. The purchase price reflects an enterprise value of A$1.2 billion plus adjustments for cash, debt and other items. The transaction is subject to approval through a process that includes SKM shareholder and Australian Federal Court approval, Australian Foreign Investment Review Board approval as well as other customary closing conditions. The...
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